Fellner Wratzfeld & Partners has advised the founder of GREENoneTEC, Robert Kanduth, on his repurchase of 51% of the shares in GREENoneTEC Solarindustrie from China’s Haier Group. Fangda Partners in China and Weber & Co. in Austria reportedly advised the seller on the deal.
Financial details of the transaction were not disclosed.
GREENoneTEC Solarindustrie specializes in hydro-solar systems.
FWP advised on the 2017 sale of GREENoneTEC to the Haier Group as wel (as reported by CEE Legal Matters on June 6, 2017).
FWP’s team consisted of Partner Florian Kranebitter and Associates Matthias Gangl and Philipp Gailer.